Goldman Sachs reports that on June 18th, Vice Chairman of Goldman Sachs Group and former Dallas Federal Reserve President Kaplan stated that if inflation remains high, the Federal Reserve may need to raise interest rates as early as September. Kaplan said: "If inflation data does not cool down between now and September, it would be wise for the Federal Reserve to take action in September or the fall. That would be a more prudent approach." After Federal Reserve Chair Powell hinted that he remains focused on fighting inflation, the market shifted to a hawkish stance. Traders sold short-term government bonds, pushing up some yields. Powell's statement was reinforced by the personal forecasts of Federal Reserve members, half of whom expect rate hikes before the end of the year. Kaplan stated that if inflation remains stubborn, it indicates that monetary policy is still too accommodative. He also pointed out: "Federal Reserve policy actions are rarely single operations; rate hikes often occur in a series of two or three. So I think if you act in September, you need to be prepared. There may also be one or two more." (Dongxin News)